Supplemental Plans

Additional Contributions Tax-Sheltered Programs (ACTS), Supplemental Annuity Collective Trust of New Jersey (SACT) and NJ State Employees’ Deferred Compensation Plan (NJSEDCP) Programs are voluntary and allow for eligible employees to obtain supplemental tax-deferred annuities with a variety of providers through a salary reduction agreement. Participants can direct voluntary contributions among six authorized investment providers, each with a selection of investment choices to meet the needs and goals of retirement planning. These programs are separate from your basic pension benefit.

More Details

Learn more about available supplement plans:

IRS Contribution Limits

  • The maximum contribution for 2026 is $24,500.
  • Anyone turning the age of 50 by the end of the calendar year can also make “Catch up” contributions in the amount of $8,000. (Total contributions cannot exceed $32,500 for regular contributions and catch-up contributions)
  • An employee that attains age 60, 61, 62, or 63 at any point in calendar year 2026 can make additional “Super Catch Up” contributions in the amount of $11,250. (Total contributions cannot exceed $35,750 for regular contributions, catch-up and super catch up contributions)
  • An employee that attains age 64 or later at any point in calendar year 2026 can contribute up to the maximum of $32,500 (standard contribution limit of $24,500 plus 50+ catch-up contribution of $8,000)

SECURE 2.0 Act

Effective January 1, 2026, the SECURE 2.0 Act introduces a mandatory Roth treatment for age-based catch-up contributions for certain high-income participants in the New Jersey Employees Deferred Compensation Plan (NJSEDCP).

Who is Affected:

This requirement applies to employees:

  • 50 years of age or older,
  • Had FICA wages of $150,000 or more in 2025, and 
  • Contribute more than the standard annual IRS limit in 2026

If you meet the above criteria then any contributions you make above the standard limit must be made as Roth (after-tax) contributions..

Important Information:

  • If you qualify under this rule, once you hit the standard IRS maximum your 457(b) deductions will stop.
  • If you would like to make the Roth catch-up contributions you will need to log into Workday to enroll in the 457(b) Roth.

Montclair State University administers a 403 (b) Retirement Plan (MSU Supplemental Plan) for employees whose annual base salary exceeds $175,000. Contributions consist of a five percent (5%) employee contribution and an eight percent (8%) contribution to the MSU Supplemental Plan for that portion of the base salary of affected employees that exceeds $175,000 up to the limit imposed by the Internal Revenue Code. This Plan is administered solely by TIAA.

Montclair State University Sponsored Plan (takes effect automatically when salary exceeds $175,000)

The Benefits team and Supplemental Plans investment carriers offer retirement planning counseling sessions and workshops on campus throughout the year. View the Benefits Workshops page for additional information.

You can also contact plan representatives for individual investment counseling and questions via the below contact information.

 

For additional information, visit the New Jersey Department of Pensions and Benefits Other Programs page.

To enroll/make changes to the 403b/457b plan, please follow the below steps from the Workday homepage:

  1. Select the “Benefits and Pay” icon.
  2. Choose retirement savings
  3. Select Edit
  4. Select the date you wish to start your change/enrollment
  5. Search for your selected carrier
  6. Once you locate your carrier, you would then enter/change the dollar amount you wish to contribute per pay period.
  7. Confirm selection.
  8. Select submit.
  9. Review your Workday inbox to see if the event is there (if it is, select event, confirm questions, then hit submit).

Enroll/Change Supplemental Retirement Elections Instructions (PDF)

  • For applications, contact the investment carrier.
  • Submit the Agreement Form requiring the Human Resources Authorization signature to askHR@montclair.edu.
    • Please be advised that an internal process involves both HR and the vendor to confirm that there are no outstanding balances. As such, allow 5 – 7  business days for this process to be completed.
  • The completed form will be emailed directly to the employee.
  • If you are rolling over your account, please be sure to log into Workday to discontinue your previous contributions (refer to the “How to Make Changes” section above). This is a self-service process that requires your authorization and cannot be completed on your behalf.